Fedders Electric and Engineering (NSE:FEDDERELEC) ROCE % : 15.38% (As of Mar. 2024)

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What is Fedders Electric and Engineering ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Fedders Electric and Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.38%.

Fedders Electric and Engineering ROCE % Historical Data

The historical data trend for Fedders Electric and Engineering's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fedders Electric and Engineering ROCE % Chart

Fedders Electric and Engineering Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.78

37.87

Fedders Electric and Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															40.43	10.83	46.42	58.68	15.38

Fedders Electric and Engineering ROCE % Calculation

Fedders Electric and Engineering's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	928	/	( ( (1932.4 - 447.3)	+	(4072 - 655.6) )	/ 2 )
	=	928	/	( (1485.1	+	3416.4)	/ 2 )
	=	928	/	2450.75
	=	37.87 %

Fedders Electric and Engineering's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	525.6	/	( ( (0 - 0)	+	(4072 - 655.6) )	/ 1 )
	=	525.6	/	( ( 0	+	3416.4 )	/ 1 )
	=	525.6	/	3416.4
	=	15.38 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fedders Electric and Engineering (NSE:FEDDERELEC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Fedders Electric and Engineering (NSE:FEDDERELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fedders Electric and Engineering Ltd (NSE:FEDDERELEC) » Definitions » ROCE %

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Address

C-4, Noida Phase-II, Gautam Buddh Nagar, Noida, UP, IND, 201305

Website

http://www.fedderselectric.com

Fedders Electric and Engineering Ltd is engaged in the fabrication of steel structures and implementation of high power transmission lines in India and internationally. It operates through three segments: Environmental Control Systems, Steel Structures and Engineering, and Power Transmission and Distribution and Overhead Electrification. The company's products are classified into Transport Products Division and Railways, Defense and Telecom AC Products Division.

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